GM Cutting 10,000 White Collar Jobs
LINDA WERTHEIMER, host:
NPR's business news starts with lots more layoffs at General Motors.
GM says it's slashing another 10,000 jobs this year. These are salaried jobs, meaning white-collar positions like managers and engineers. A notice on the company's Web site today says the cuts are a response to a, quote, "severe drop in vehicle sales worldwide." They're also part of the carmaker's plan for long-term viability. Congress recently gave GM billions in emergency loans on condition that it come up with a plan for survival.
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